Leases |
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| Leases |
7. LEASES Components of lease expense were as follows (in thousands):
For the three months ended September 30, 2025, we made cash payments of $1.6 million for operating lease obligations. These payments are included in operating cash flows. As of September 30, 2025, the weighted-average remaining lease term under our capitalized operating leases was 5.2 years, while the weighted-average discount rate for our operating leases was approximately 6.1%. The future undiscounted cash flows for each of the next five years and thereafter, and reconciliation to the lease liabilities as of September 30, 2025 for our operating leases were as follows (in thousands):
(1)
Represents the present value of the operating lease liabilities as of September 30, 2025.
(2)
Current operating lease liabilities are presented within accrued liabilities on our condensed consolidated balance sheets.
(3)
Long-term operating lease liabilities are presented within other liabilities on our condensed consolidated balance sheets.
The lease payments presented in the table above exclude amounts related to a failed sale-leaseback transaction. For information regarding the failed sale-leaseback transaction, refer to Note 15.
For information regarding the Company's related party leases, refer to Note 14. |
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